Can I retire at age 66 with 9,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$776,243$769,329$762,583$755,999$749,569$739,896
2 years$384,279$377,122$370,186$363,461$356,938$347,206
3 years$253,641$246,453$239,535$232,873$226,456$216,968
4 years$188,335$181,169$174,320$167,772$161,510$152,339
5 years$149,162$142,039$135,279$128,865$122,778$113,950
6 years$123,055$115,985$109,326$103,054$97,150$88,677
7 years$104,414$97,404$90,850$84,727$79,009$70,893
8 years$90,440$83,494$77,048$71,075$65,545$57,786
9 years$79,577$72,696$66,362$60,540$55,199$47,793
10 years$70,892$64,078$57,856$52,186$47,032$39,974
11 years$63,790$57,045$50,935$45,418$40,449$33,733
12 years$57,876$51,201$45,204$39,837$35,052$28,670
13 years$52,876$46,270$40,386$35,170$30,566$24,509
14 years$48,594$42,058$36,287$31,220$26,794$21,054
15 years$44,887$38,421$32,763$27,843$23,592$18,158
16 years$41,646$35,251$29,704$24,930$20,850$15,714
17 years$38,789$32,465$27,030$22,400$18,487$13,638
18 years$36,252$29,999$24,675$20,187$16,438$11,865
19 years$33,985$27,802$22,588$18,240$14,652$10,344
20 years$31,948$25,835$20,730$16,520$13,087$9,034
21 years$30,106$24,065$19,068$14,993$11,712$7,903
22 years$28,435$22,463$17,574$13,632$10,498$6,922
23 years$26,911$21,010$16,227$12,415$9,423$6,070
24 years$25,516$19,685$15,007$11,323$8,470$5,328
25 years$24,235$18,473$13,899$10,341$7,622$4,681
26 years$23,054$17,362$12,891$9,455$6,865$4,116
27 years$21,962$16,339$11,970$8,655$6,190$3,621
28 years$20,951$15,397$11,128$7,930$5,585$3,188
29 years$20,010$14,525$10,356$7,272$5,043$2,808
30 years$19,134$13,717$9,646$6,674$4,557$2,475
31 years$18,317$12,967$8,993$6,129$4,120$2,182
32 years$17,551$12,270$8,390$5,633$3,727$1,924
33 years$16,834$11,620$7,834$5,180$3,373$1,697
34 years$16,160$11,013$7,320$4,766$3,054$1,498
35 years$15,527$10,445$6,843$4,387$2,766$1,322
36 years$14,929$9,914$6,402$4,041$2,506$1,167
37 years$14,366$9,416$5,992$3,723$2,271$1,030
38 years$13,833$8,949$5,611$3,431$2,059$910
39 years$13,329$8,509$5,257$3,164$1,867$803
40 years$12,851$8,096$4,927$2,918$1,694$710
41 years$12,398$7,707$4,620$2,692$1,536$627
42 years$11,968$7,340$4,334$2,485$1,394$554
43 years$11,558$6,993$4,067$2,294$1,265$489
44 years$11,169$6,666$3,818$2,118$1,149$433
45 years$10,797$6,357$3,585$1,956$1,043$382
46 years$10,443$6,064$3,367$1,807$947$338
47 years$10,105$5,787$3,163$1,669$860$299
48 years$9,782$5,524$2,972$1,542$781$264
49 years$9,473$5,275$2,794$1,425$709$233
50 years$9,178$5,039$2,627$1,318$644$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $9,400,000, adding $5,474 every year, while hoping to spend $36,896 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/37/12 Blend
65$9,400,000$9,400,000$9,400,000$9,400,000
66$10,364,446$9,866,246$9,720,546$10,859,536
67$11,382,363$10,310,435$10,006,928$11,642,876
68$12,502,870$10,775,153$10,301,666$12,489,639
69$13,736,394$11,261,366$10,605,003$13,409,333
70$15,094,421$11,770,088$10,917,185$14,408,836
71$16,589,610$12,302,381$11,238,469$15,495,707
72$18,235,908$12,859,355$11,569,116$16,678,248
73$20,048,685$13,442,178$11,909,395$17,965,585
74$22,044,875$14,052,069$12,259,584$19,367,741
75$24,243,140$14,690,308$12,619,968$20,895,739
76$26,664,044$15,358,236$12,990,840$22,561,691
77$29,330,244$16,057,258$13,372,502$24,378,916
78$32,266,712$16,788,846$13,765,263$26,362,056
79$35,500,959$17,554,543$14,169,442$28,527,212
80$39,063,305$18,355,964$14,585,367$30,892,094
81$42,987,161$19,194,804$15,013,375$33,476,177
82$47,309,340$20,072,838$15,453,812$36,300,884
83$52,070,413$20,991,927$15,907,034$39,389,783
84$57,315,084$21,954,021$16,373,409$42,768,801
85$63,092,616$22,961,161$16,853,312$46,466,464
86$69,457,295$24,015,491$17,347,130$50,514,161
87$76,468,943$25,119,253$17,855,263$54,946,435
88$84,193,479$26,274,801$18,378,118$59,801,296
89$92,703,546$27,484,598$18,916,117$65,120,582
90$102,079,193$28,751,229$19,469,693$70,950,336
91$112,408,633$30,077,402$20,039,290$77,341,244
92$123,789,073$31,465,953$20,625,365$84,349,095
93$136,327,632$32,919,859$21,228,388$92,035,307
94$150,142,355$34,442,236$21,848,844$100,467,492
95$165,363,322$36,036,353$22,487,227$109,720,089
96$182,133,882$37,705,635$23,144,050$119,875,055
97$200,611,998$39,453,672$23,819,836$131,022,628
98$220,971,747$41,284,227$24,515,126$143,262,170
99$243,404,956$43,201,245$25,230,473$156,703,091
100$268,123,017$45,208,861$25,966,449$171,465,875